Bloomberg: Market forecasters are increasing lobbying efforts to block new US regulations.

CoinFeed reported on April 21, citing Bloomberg, that the prediction market industry is ramping up its lobbying efforts in Washington to cope with increasing regulatory pressure. Firms like Kalshi are hiring lobbying teams to fend off potential congressional crackdowns. In the first quarter of 2026, the industry's lobbying spending reached a record high of at least $1.84 million, a year-on-year increase of over 60%. Kalshi has registered two new lobbying firms and hired former Obama advisor Stephanie Cutter to expand its influence within the Democratic Party. Lawmakers have introduced more than a dozen bills, with some Democrats and Republicans hoping to place prediction markets under the same regulatory framework as gambling. The industry, however, argues that it should continue to be governed by the Commodity Exchange Act. Donald Trump Jr., the president's son, is an investor in Polymarket and a strategic advisor to Kalshi.